Huntington Ingalls Industries (NYSE:HII) Shares Up 6.3% – What’s Next?

Huntington Ingalls Industries, Inc. (NYSE:HII)’s share price traded up 6.3% during mid-day trading on Thursday . The company traded as high as $293.21 and last traded at $294.8240. 46,863 shares traded hands during trading, a decline of 91% from the average daily volume of 531,557 shares. The stock had previously closed at $277.28.

Analyst Ratings Changes

Several brokerages have recently weighed in on HII. TD Cowen lowered their price objective on shares of Huntington Ingalls Industries from $420.00 to $360.00 and set a “buy” rating on the stock in a research note on Monday, July 13th. Weiss Ratings lowered shares of Huntington Ingalls Industries from a “buy (b-)” rating to a “hold (c+)” rating in a research report on Wednesday, May 6th. Wells Fargo & Company started coverage on shares of Huntington Ingalls Industries in a report on Wednesday, April 1st. They set an “equal weight” rating and a $400.00 target price for the company. Citigroup reduced their target price on shares of Huntington Ingalls Industries from $405.00 to $349.00 and set a “buy” rating for the company in a report on Wednesday, July 1st. Finally, Wall Street Zen cut shares of Huntington Ingalls Industries from a “buy” rating to a “hold” rating in a research note on Monday, May 18th. Four analysts have rated the stock with a Buy rating and seven have given a Hold rating to the stock. Based on data from MarketBeat.com, the stock presently has an average rating of “Hold” and a consensus target price of $374.00.

Huntington Ingalls Industries Stock Performance

The company has a debt-to-equity ratio of 0.52, a current ratio of 1.19 and a quick ratio of 1.11. The business has a 50-day simple moving average of $292.90 and a 200 day simple moving average of $361.50. The firm has a market cap of $11.33 billion, a PE ratio of 18.71, a PEG ratio of 1.23 and a beta of 0.25.

Huntington Ingalls Industries (NYSE:HII) last posted its quarterly earnings data on Tuesday, May 5th. The aerospace company reported $3.79 EPS for the quarter, topping the consensus estimate of $3.70 by $0.09. Huntington Ingalls Industries had a return on equity of 12.05% and a net margin of 4.71%.The firm had revenue of $3.10 billion for the quarter, compared to the consensus estimate of $3.02 billion. During the same quarter last year, the company earned $3.79 earnings per share. The business’s revenue for the quarter was up 13.4% compared to the same quarter last year. Equities research analysts forecast that Huntington Ingalls Industries, Inc. will post 17.31 EPS for the current year.

Huntington Ingalls Industries Announces Dividend

The company also recently announced a quarterly dividend, which was paid on Friday, June 12th. Investors of record on Friday, May 29th were issued a $1.38 dividend. This represents a $5.52 annualized dividend and a yield of 1.9%. The ex-dividend date of this dividend was Friday, May 29th. Huntington Ingalls Industries’s dividend payout ratio is currently 35.91%.

Insider Buying and Selling

In other Huntington Ingalls Industries news, VP Edmond E. Jr. Hughes sold 3,500 shares of the firm’s stock in a transaction that occurred on Thursday, May 28th. The shares were sold at an average price of $319.58, for a total transaction of $1,118,530.00. Following the sale, the vice president owned 8,391 shares in the company, valued at approximately $2,681,595.78. This trade represents a 29.43% decrease in their position. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is accessible through the SEC website. Insiders own 0.80% of the company’s stock.

Institutional Trading of Huntington Ingalls Industries

Hedge funds and other institutional investors have recently modified their holdings of the company. Bayban purchased a new position in shares of Huntington Ingalls Industries during the 1st quarter valued at $27,000. NBC Securities Inc. increased its stake in Huntington Ingalls Industries by 87.2% in the 4th quarter. NBC Securities Inc. now owns 88 shares of the aerospace company’s stock worth $30,000 after buying an additional 41 shares in the last quarter. Cassaday & Co Wealth Management LLC purchased a new stake in Huntington Ingalls Industries in the 1st quarter worth $36,000. CYBER HORNET ETFs LLC bought a new stake in Huntington Ingalls Industries during the second quarter valued at about $25,000. Finally, Rakuten Securities Inc. raised its holdings in Huntington Ingalls Industries by 140.0% during the second quarter. Rakuten Securities Inc. now owns 108 shares of the aerospace company’s stock valued at $26,000 after acquiring an additional 63 shares during the period. 90.46% of the stock is owned by hedge funds and other institutional investors.

Huntington Ingalls Industries Company Profile

Huntington Ingalls Industries (NYSE: HII) is America’s largest military shipbuilding company and a leading provider of professional services to the U.S. government. Headquartered in Newport News, Virginia, HII designs, constructs and maintains nuclear-powered aircraft carriers, submarines and other complex vessels for the U.S. Navy. The company’s products include nuclear aircraft carriers, Virginia-class and Columbia-class submarines, as well as amphibious assault ships, destroyers and cutters.

Established in 2011 as a spin-off from Northrop Grumman’s shipbuilding operations, HII traces its heritage to two historic builders: Newport News Shipbuilding, founded in the 19th century, and Ingalls Shipbuilding, founded in 1938.